Truist Financial Corp Acquires 99,590 Shares of Capital Group Dividend Value ETF $CGDV

Truist Financial Corp boosted its stake in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 8.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,272,308 shares of the company’s stock after purchasing an additional 99,590 shares during the period. Truist Financial Corp owned about 0.23% of Capital Group Dividend Value ETF worth $53,475,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CGDV. Raymond James Financial Inc. raised its position in shares of Capital Group Dividend Value ETF by 11.5% during the 2nd quarter. Raymond James Financial Inc. now owns 19,353,624 shares of the company’s stock valued at $764,275,000 after purchasing an additional 1,999,975 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Capital Group Dividend Value ETF by 9.9% during the second quarter. Envestnet Asset Management Inc. now owns 16,720,692 shares of the company’s stock worth $660,300,000 after acquiring an additional 1,513,067 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Capital Group Dividend Value ETF by 10.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,328,061 shares of the company’s stock valued at $605,305,000 after acquiring an additional 1,496,823 shares in the last quarter. Bank of America Corp DE increased its holdings in Capital Group Dividend Value ETF by 23.1% in the 2nd quarter. Bank of America Corp DE now owns 13,179,947 shares of the company’s stock valued at $520,476,000 after acquiring an additional 2,471,984 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in Capital Group Dividend Value ETF by 17.1% in the 2nd quarter. Cetera Investment Advisers now owns 11,850,016 shares of the company’s stock worth $467,957,000 after purchasing an additional 1,730,269 shares in the last quarter.

Capital Group Dividend Value ETF Price Performance

NYSEARCA:CGDV opened at $45.04 on Friday. The company has a market cap of $28.73 billion, a price-to-earnings ratio of 26.59 and a beta of 0.89. Capital Group Dividend Value ETF has a 1 year low of $30.94 and a 1 year high of $45.12. The stock’s 50 day simple moving average is $43.91 and its two-hundred day simple moving average is $42.49.

Capital Group Dividend Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a $0.1928 dividend. This is a boost from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, December 26th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.7%.

Capital Group Dividend Value ETF Company Profile

The Capital Group Dividend Value ETF (CGDV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in stocks of dividend-paying, large- and mid-cap US companies. The fund seeks to produce income exceeding the average yield on US stocks. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.